Jack in the Box Inc. (NASDAQ:JACK) to Post Q3 2021 Earnings of $1.48 Per Share, Truist Securiti Forecasts

Jack in the Box Inc. (NASDAQ:JACK) – Stock analysts at Truist Securiti boosted their Q3 2021 earnings per share (EPS) estimates for Jack in the Box in a research report issued to clients and investors on Wednesday, May 12th. Truist Securiti analyst J. Bartlett now forecasts that the restaurant operator will earn $1.48 per share for the quarter, up from their prior forecast of $1.41. Truist Securiti also issued estimates for Jack in the Box’s Q4 2021 earnings at $1.72 EPS, FY2021 earnings at $6.85 EPS, Q1 2022 earnings at $2.01 EPS, Q1 2022 earnings at $2.01 EPS, Q3 2022 earnings at $1.66 EPS and FY2022 earnings at $7.04 EPS.

Other research analysts have also issued reports about the company. Wedbush boosted their price target on Jack in the Box from $130.00 to $135.00 and gave the stock an “outperform” rating in a research report on Thursday. Wells Fargo & Company reduced their price target on Jack in the Box from $146.00 to $140.00 and set an “overweight” rating for the company in a research report on Wednesday. Morgan Stanley boosted their price target on Jack in the Box from $113.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Friday. OTR Global raised Jack in the Box to a “positive” rating in a research report on Wednesday, February 3rd. Finally, Telsey Advisory Group boosted their price target on Jack in the Box from $112.00 to $118.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 10th. One research analyst has rated the stock with a sell rating, five have given a hold rating and eleven have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $120.19.

JACK opened at $118.92 on Friday. The firm has a market cap of $2.71 billion, a price-to-earnings ratio of 30.57, a PEG ratio of 1.61 and a beta of 1.67. Jack in the Box has a 12 month low of $61.00 and a 12 month high of $124.53. The stock has a fifty day moving average price of $116.37 and a 200-day moving average price of $100.69.

Jack in the Box (NASDAQ:JACK) last issued its earnings results on Tuesday, May 11th. The restaurant operator reported $1.48 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.25 by $0.23. Jack in the Box had a negative return on equity of 12.94% and a net margin of 8.79%. The business had revenue of $257.22 million during the quarter, compared to analysts’ expectations of $248.04 million. During the same period in the prior year, the business earned $0.50 EPS. The business’s revenue for the quarter was up 19.0% compared to the same quarter last year.

A number of institutional investors have recently bought and sold shares of JACK. Huntington National Bank grew its stake in Jack in the Box by 23,600.0% during the 1st quarter. Huntington National Bank now owns 237 shares of the restaurant operator’s stock valued at $26,000 after purchasing an additional 236 shares during the last quarter. Private Capital Group LLC grew its stake in Jack in the Box by 1,018.2% during the 1st quarter. Private Capital Group LLC now owns 369 shares of the restaurant operator’s stock valued at $41,000 after purchasing an additional 336 shares during the last quarter. Carroll Financial Associates Inc. purchased a new stake in Jack in the Box during the 1st quarter valued at about $52,000. Lazard Asset Management LLC grew its stake in Jack in the Box by 27.4% during the 1st quarter. Lazard Asset Management LLC now owns 576 shares of the restaurant operator’s stock valued at $63,000 after purchasing an additional 124 shares during the last quarter. Finally, Nisa Investment Advisors LLC grew its stake in Jack in the Box by 33.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 990 shares of the restaurant operator’s stock valued at $92,000 after purchasing an additional 250 shares during the last quarter.

The company also recently declared a quarterly dividend, which will be paid on Friday, June 11th. Shareholders of record on Wednesday, May 26th will be paid a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 1.48%. The ex-dividend date of this dividend is Tuesday, May 25th. This is an increase from Jack in the Box’s previous quarterly dividend of $0.40. Jack in the Box’s payout ratio is presently 34.41%.

About Jack in the Box

Jack in the Box Inc operates and franchises Jack in the Box quick-service restaurants. As of September 27, 2020, it operated and franchised 2,241 Jack in the Box quick-service restaurants primarily in the western and southern United States, including one in Guam. The company was founded in 1951 and is headquartered in San Diego, California.

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Earnings History and Estimates for Jack in the Box (NASDAQ:JACK)

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